PYMNTS

AUGUST 5, 2020

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. But put the same consumer online and the story is very different.

Securities 106

Securities Prioritization Numbers eCommerce 106

PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

eCommerce 62

eCommerce Securities Communication Banking 62

PYMNTS

OCTOBER 6, 2020

Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital. Even establishing accounts during the great digital shift has been a challenge.

eCommerce 94

eCommerce Banking Compliance Currencies 94

PYMNTS

SEPTEMBER 22, 2020

With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution. As such, online shopping for small retailers must be streamlined, efficient, and most importantly, secure.

B2B 94

B2B eCommerce Prioritization Securities 94

PYMNTS

MAY 13, 2020

The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors. In terms of mechanics, the tokens replace cardholders’ 16-digit Visa account numbers with tokens that only the payments network can unlock for one-time or recurring transactions. The Click To Pay Transition.

eCommerce 100

eCommerce Securities Manufacturing Technology 100

PYMNTS

OCTOBER 14, 2020

Mom-focused eCommerce site Zulily , which offers clothing, toys, footwear and home goods, puts a friction point at the beginning of the customer relationship that the brand believes can help with both marketing and security. That is something that can be used [in security efforts], depending on the specific issue or the resolution.”

eCommerce 60

eCommerce Securities Accounting Retail 60

PYMNTS

MAY 8, 2020

Building that experience properly, he noted, means allowing consumers to create accounts with stored credentials and data — because to build a competitive digital service means building one that works smoothly, not one that consumers have to continually relog into.

Securities 97

Securities Forecasting eCommerce Retail 97

PYMNTS

NOVEMBER 27, 2020

Some are turning to virtual cards to keep their debit account numbers safe, providing shoppers with newly generated codes that can be restricted to work only when paying specific merchants or used just once before expiring. Firms are also prioritizing security as they transact online more heavily as well.

Securities 78

Securities Prioritization eCommerce Education 78

PYMNTS

FEBRUARY 24, 2020

In the February 2020 B2B eCommerce Report , done in collaboration with American Express , we learn how B2B buyers and sellers are using eCommerce to bypass outdated paper-based billing and payment terms. China’s eCommerce titan Alibaba is capitalizing on that. After all, B2B eCommerce will be a $1.1 Where’s the Trust?

B2B 73

B2B eCommerce Accounts Payable B2C 73

PYMNTS

OCTOBER 8, 2018

So, when it comes to accessing their accounts to shop online, the way they are authenticating needs to be a footnote at best. That’s not to say consumers don’t want top-notch security, according to the PYMNTS Digital Identity Lifestyle Capsule , a Socure collaboration. About The Report.

Securities 73

Securities eCommerce Accounting Numbers 73

PYMNTS

OCTOBER 16, 2020

Going straight to the heart of the matter, PYMNTS’ October Digital Identity Tracker® , done in collaboration with Jumio , states that “consumers’ growing digital habits are prompting many digital identity solution providers to view verification as part of the consumer engagement process as well as a means to ensure security and privacy.”.

eCommerce 75

eCommerce Securities Accounting Retail 75

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

B2B 75

B2B Securities Investments Startups 75

PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. The biggest problem in IT is still the basic fact that most companies cannot completely defend their basic security,” says biometrics expert and consultant Mike Cherry. In other words, a hack is a hack.

eCommerce 65

eCommerce Securities Technology Accounting 65

PYMNTS

DECEMBER 30, 2020

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

JANUARY 30, 2020

Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities. That direct connection between debit cards and their users’ bank accounts can turn into a problem, should fraudsters get their hands on the cards. The solution is.

Securities 73

Securities Retail Banking eCommerce 73

PYMNTS

AUGUST 12, 2020

The eCommerce industry is trying to find balance as more consumers purchase via digital channels while overall customer spending is dipping during the pandemic. Keeping verification safe as well as seamless is essential, even as eCommerce marketplaces respond to customers’ changing needs and payment behaviors during the pandemic.

eCommerce 79

eCommerce Sales Banking Securities 79

PYMNTS

OCTOBER 13, 2020

Consumers are relying more heavily on eCommerce during the pandemic, and they have high standards for what digital shopping should be like. Shoppers may be quick to take their business elsewhere if these demands are not met, with 66 percent of respondents saying they had at least once given up opening accounts due to poor experiences.

Accounting 69

Accounting eCommerce Securities Leverage 69

PYMNTS

SEPTEMBER 23, 2019

bank account holders even if they are not American Express cardmembers. American Express is teaming with eCommerce merchants across a variety of industries, including Thai Airways, Hays Travel, the Royal Lancaster London hotel and others. Buyers can check their account balances and make online payments. “It’s

eCommerce 75

eCommerce Banking Accounting Planning 75

PYMNTS

JUNE 21, 2020

That will allow businesses to eliminate the cumbersome old ways, which required them to sign onto their bank accounts to set up a direct debit instruction and then wait several days before it was ready. The API will assist Futu with processing incoming funds in a more streamlined way.

B2B 143

B2B Cash Management eCommerce Securities 143

PYMNTS

FEBRUARY 5, 2020

The traditional holiday shopping season , which lasts from Black Friday onward, still accounts for roughly a quarter of annual sales for retailers in general, and for certain verticals, such as jewelers, a much bigger chunk of the annual top line. Redefining Peak Season. percent versus 1.4 The SCA Component. Looking at Points of Failure.

eCommerce 67

eCommerce Manufacturing Retail Sales 67

PYMNTS

NOVEMBER 24, 2020

While the business-to-consumer (B2C) eCommerce boom has arguably already occurred, the global pandemic is introducing a second wave of digital commerce adoption. Indeed, business-to-business (B2B) eCommerce is a thriving market that, today, is growing even more quickly as a result of the coronavirus crisis.

B2B 72

B2B eCommerce B2C Reconciliations 72

PYMNTS

NOVEMBER 26, 2020

Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's account. HSBC also just recently introduced a new global payments tool, which PYMNTS reports will let international customers transfer funds through a single account anywhere in the world.

eCommerce 91

eCommerce Cash Management Accounting Banking 91

PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. Merchants, quite logically, want to keep transaction conversion rates high.

eCommerce 124

eCommerce Currencies Securities Leverage 124

PYMNTS

JUNE 3, 2020

This means, according to Tharle, that fraudulently obtained monies can be moved through several accounts in the span of minutes, which makes the money trail virtually untraceable. By having good, ‘slick’ authentication, you get around some of the abandonment issues and put strong security in place,” he said.

eCommerce 71

eCommerce Leverage Securities Numbers 71

PYMNTS

DECEMBER 10, 2020

Increasingly, FinTechs and the businesses they serve are pulling double duty with solutions that tackle both accounts receivable and accounts payable friction for each end of the B2B transaction. Digitizing and modernizing B2B payments cannot be a one-sided effort. Wells Fargo, Bill.com Pull Double Duty With Partnership.

Accounts Payable 60

Accounts Payable Accounting B2B Invoicing 60

PYMNTS

MAY 8, 2019

In recent weeks, several companies have banded together to develop secure, seamless authentication tools. In other partnership news, financial services firm PayPal recently invested in blockchain security company Cambridge Blockchain. How Citi Taps Biometrics to Enhance ‘Security Perimeter’. Around the Digital Identity World.

Securities 68

Securities Treasury Banking eCommerce 68

PYMNTS

JANUARY 24, 2020

Global eCommerce is growing so fast that some cities are struggling to handle the package delivery trucks flooding their streets. Security’s New Face. Securing transactions requires robust measures by everyone involved, Fox said. trillion online in 2019 — an approximately 18 percent year-over-year increase in worldwide sales.

eCommerce 61

eCommerce Communication Securities Accounting 61

PYMNTS

DECEMBER 11, 2020

Backers placed the spotlight on everything from B2B eCommerce, to supply chain optimization, to Banking-as-a-Service, but human resources and payroll landed in the top spot in this week's VC roundup. Core banking technology provider Modularbank , based in Estonia, has secured $4.85 Procurement Partners. Modularbank. the company said.

B2B 77

B2B eCommerce Banking Healthcare 77

PYMNTS

JANUARY 19, 2021

Olivier Schott , co-founder of Scalefast , told PYMNTS that many firms pivoting to eCommerce channels may not have the resources on hand to meet those challenges. When you have local bank accounts, you can have local acquire, which will increase your acceptance rate,” Schott said.

eCommerce 128

eCommerce Compliance Invoicing Retail 128

PYMNTS

APRIL 15, 2020

Credit and debit cards, and later, digital wallets, like PayPal, eliminated that friction for the online shopper, kept transactions secure, and reduced the risk from the merchant that items shipped wouldn’t be paid for. of them — yet their use in making online purchases is quite low.

eCommerce 79

eCommerce Budgeting Planning Securities 79

PYMNTS

FEBRUARY 20, 2020

Ensuring proceedings come together requires scheduling, coordinating participants’ transportation, securing speakers, finding and furnishing venues and more. A planner can be on a site visit and realize, ‘I need an account for this piece of the venue space,’ and can go online and adjust the order and get that change immediately,” she said.

B2B 67

B2B eCommerce Sales B2C 67

PYMNTS

SEPTEMBER 16, 2020

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money. Square Launches On Demand Payroll.

eCommerce 71

eCommerce Budgeting Communication Retail 71

PYMNTS

FEBRUARY 21, 2020

There is plenty of opportunity as B2B eCommerce is expected to reach $1.1 This month’s Deep Dive examines the key fraud forms threatening B2B eCommerce as well as the strategies being implemented to overcome them. eCommerce forces vendors to trust strangers they may never meet. False Positives and Data Security.

B2B 61

B2B eCommerce B2C Securities 61

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Knutson explained how the virtual debit card space is evolving to support eCommerce and detailed what goes into a secure yet speedy virtual card application process. Virtual Card Payment Trends.

Securities 60

Securities eCommerce Numbers Retail 60

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . Customizing The Accounts. .

B2B 98

B2B Currencies eCommerce Compliance 98

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Security challenges are mounting, too. Addressing security concerns is no trivial pursuit for debit issuers, as they incurred more than $1 billion in net fraud losses in 2019. The Face of Fraud.

Securities 109

Securities Accounting Retail eCommerce 109

PYMNTS

SEPTEMBER 27, 2020

With the more flexible nature of a BNPL payment, users might feel more secure in spending their money, even if they are being cautious due to the volatile economy. The Tracker notes that one in three eCommerce retailers is expected to offer some type of BNPL payment plan by the end of 2021.

Leadership 120

Leadership eCommerce Retail Planning 120